Mooloolaba, Queensland
Beachside Resort - Mooloolaba, Sunshine Coast
$2,670,000
Business Description
This comprehensive management rights package encapsulates elegance, starting from the impressive foyer to the expansive and refined apartments that offer stunning ocean views. The property also boasts state-of-the-art facilities, adding to its allure.
Notably, the remuneration of $54,300 (plus GST) is composed of two distinct Body Corporates, covering both the residential and principal aspects of this exceptional property. Accommodation Module agreements in place until 2039, with a 5-year top up providing stability and assurance for both residents and management. This unique offering combines luxurious living spaces with a lucrative investment opportunity, making it a standout choice in the real estate market.
Business Summary
Business Snapshot
Price: $2,670,000
Net Profit: $339,346
Managers Unit
Value of Managers Apartment: $975,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: YesThe manager's dwelling is an opulent two-bedroom, two-bathroom apartment, fully furnished for a luxurious living experience. Positioned at the rear of the building, it ensures privacy and tranquillity. The residence also comes with a designated single car parking space for added convenience.
Complex Information
Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 10Owner Occupy Units: 1Lockup Units: 12Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesSauna: YesGym: Yes
Key Investment Insights
1. The property is a beachside resort located in the popular tourist destination of Mooloolaba on the Sunshine Coast.
2. The resort offers luxurious and elegant apartments with stunning ocean views.
3. State-of-the-art facilities are available for guests, adding to the property's appeal.
4. The management rights package includes two distinct Body Corporates, covering both residential and principal aspects of the property.
5. Accommodation Module agreements are in place until 2039, with a 5-year top up providing stability and assurance for both residents and management.
6. The property offers a combination of luxurious living spaces and a lucrative investment opportunity.
7. The asking price for the property is $2,670,000.
8. The net profit for the property is $339,346.
9. The manager's apartment is a fully furnished, two-bedroom, two-bathroom unit with a designated parking space.
10. The complex is a holiday complex with a total of 24 units, 10 of which are in the letting pool.
11. The complex also includes a pool, spa, sauna, and gym for guests to enjoy.
12. The agreement term for the management rights is 25 years, with 16 years remaining.
13. The property allows for pets.
14. The manager's apartment is located at the rear of the building, ensuring privacy and tranquillity.
